ＪＴＯＷＥＲ（4485） – Notice of decision to enter into the master transaction agreement for tower carve outs of 136 telecommunications towers from NTT East

March 14, 2022 Company name: ＪＴＯＷＥＲ Inc. Representative: Representative Director Atsushi Tanaka （TSE Mothers Code No. 4485） Contact: Ryosuke Nakamura Managing Director, CFO Notice of decision to enter into the master transaction agreement for tower carve outs of 136 telecommunications towers from NTT East At a meeting of the Board of Directors held on March 14, 2022, we resolved to enter into the master transaction agreement to acquire 136 telecommunications towers owned by Nippon Telegraph and Telephone East Corporation (“NTT East”) as follows. １. Reason for acquisition We have positioned carve outs of existing towers owned by telecommunications companies as one of the key growth strategies and in July 2021, we entered into the master transaction agreement for carve outs of 71 towers owned by Nippon Telegraph and Telephone West Corporation. We have determined that this transaction with NTT East will be an initiative based on our strategy and decided to enter into the master transaction agreement. ２．Overview of transaction （１） telecommunications 136 Total number of towers （２） Purchase Price (Total) Approx. 900 million yen （３） Funds for purchase Self-financing （４） Transaction process The transfer of asset is expected to be started from Q1 FY03/2023 from the tower with the right condition. ３．Outline of the counterparty to the transaction Name Nippon Telegraph and Telephone East Corporation Head office address 19-2, Nishi-shinjuku 3-chome, Shinjuku, Tokyo Name and role of representative Business Fukuzo Inoue President, Executive Director & President, Executive Officer Regional telecommunications services in the eastern areas of Japan, As of March 14, 2022 (1) (2) (3) (4) business pertaining to these services, business activities to achieve the purpose of the company, business activities to utilize the company’s NIPPON TELEGRAPH AND TELEPHONE CORPORATION 100% (5) (6) (7) (8) resources. 335 billion yen Date Established July 1,1999 Capital Major shareholders and their shareholding ratio Relationship with JTOWER Capital relationship Not applicable. Not applicable. Personnel relationship Business relationship Status of relationships with related parties (Note) We use the optical communications line service provided by NTT East. In addition, we and NTT East have signed an agreement with “The project to expand the installation of smart poles including operation and verification in Nishi-Shinjuku area in fiscal 2021” conducted by the Tokyo Metropolitan Government. This is a subsidiary of our other associated company. 1. NTT East’s parent company is NIPPON TELEGRAPH AND TELEPHONE CORPORATION which is listed on the First Section of the Tokyo Stock Exchange, and the Company’s Corporate Governance Report dated November 10, 2021 publishes its basic policy on the elimination of antisocial forces and the status of their development. Accordingly, we believe that NTT East and its directors and major shareholders have no relationship with antisocial forces. ４．Schedule (1) (2) Resolution of the Board of Directors Conclusion of the agreement ５．Future Outlook March 14, 2022 master transaction By the end of March 2022 (tentative) (3) Transfer of asset Gradually start from Q1 FY03/2023 (tentative) The transaction is expected to result in incremental revenue and gains or losses of profits from the timing of the transfer for each tower and delivery of each asset. Since the delivery of each asset is expected to be carried out successively starting from Q1 FY03/2023, there is no impact on the results for FY03/2022. If the revenue from existing tenants from this transaction contributes to the full fiscal year, the revenue is expected to be approximately 700 million yen.